Amendment No. 1 to Hanger, Inc. 2016 Omnibus Incentive Plan
This amendment updates the Hanger, Inc. 2016 Omnibus Incentive Plan, effective May 9, 2018. It revises the number of shares reserved for issuance under the plan to 2,625,000, plus certain additional shares from a prior plan and as described in the plan. It also sets a limit of 2,250,000 shares that may be issued as incentive stock options. The amendment clarifies the total shares available for awards to employees and other participants.
Exhibit 10.1
AMENDMENT NO. 1 TO
HANGER INC. 2016 OMNIBUS INCENTIVE PLAN
The Hanger, Inc. 2016 Omnibus Incentive Plan (the “Plan”) is amended as follows, effective May 9, 2018:
The first sentence of Section 6(a) shall be replaced with the following:
“Subject to adjustment as provided in Section 18, an aggregate of two million, six hundred and twenty-five thousand (2,625,000) Shares, plus the number of shares available for issuance under the Prior Plan, that had not been made subject to outstanding awards as of the Effective Date, plus the number of Shares described in Section 6(c), are reserved for issuance under this Plan; provided that only two million, two hundred and fifty thousand, (2,250,000) Shares may be issued pursuant to the exercise of incentive stock options.”
